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Featured

BBC eyes compulsory redundancies in cost-cutting drive

The BBC will axe some programming and may impose compulsory redundancies to deliver hundreds of millions of pounds of previously announced savings, its new Director-General Matt Brittin told staff Wednesday.

Japan puts the heat on suspected ice cream cartel

Summer is coming, a boom time for ice cream makers, but Japanese authorities have raided six major firms on suspicion of colluding to raise prices.

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Mexico City's new international airport opens with few flights

Mexico on Monday opened a new international airport serving the capital -- a flagship project of President Andres Manuel Lopez Obrador -- but so far many airlines are hesitant to use it.

Becker 'acted dishonestly' by failing to hand over trophies, court told

Boris Becker "acted dishonestly" when he failed to hand over nine trophies and medals won during his illustrious tennis career to pay his debts, a British court was told on Monday.

Satellite operator OneWeb switches launches to SpaceX

Global satellite communications company OneWeb said Monday that it will switch launches to Elon Musk's SpaceX, after suspending activities with Russia's Baikonur Cosmodrome in Kazakhstan.

Lebanon central bank chief charged with enrichment, money laundering

A Lebanese judge Monday charged central bank chief Riad Salameh with "illicit enrichment" and money laundering after he failed to attend a court hearing for the fifth time, a judicial source told AFP.

Christie's to auction Warhol portrait of Marilyn Monroe estimated at $200 mn

Christie's announced Monday that it will sell Andy Warhol's 1964 "Shot Sage Blue Marilyn" portrait of Marilyn Monroe for an estimated $200 million.

Plane carrying 132 crashes in China, fatalities confirmed

China Eastern confirmed there had been fatalities after a jet carrying 132 people crashed into a mountain in southern China on Monday, shortly after losing contact with air traffic control and dropping thousands of metres in just three minutes.

Oil prices soar on Saudi, Russian supply fears

Oil prices soared Monday as a weekend attack on Saudi facilities and EU discussions on banning Russian crude raised concerns over global supplies.

Man City top Deloitte Money League for first time

Manchester City have topped Deloitte's Football Money League for the first time in their history after emerging from the coronavirus crisis in a stronger position than their rivals.

Oil prices rally, stocks mixed tracking Ukraine crisis

Oil prices rallied Monday on renewed supply fears as the EU debates banning Russian crude imports and following a weekend attack on Saudi facilities.

Becker faces trial over failure to hand over trophies to settle debts

Boris Becker arrived at a London court on Monday to stand trial over accusations that he failed to hand over trophies he won during his glittering tennis career to settle his debts.

Philippines allows foreign ownership of telcos, airlines

The Philippines on Monday eased restrictions to allow foreign ownership of airline, telecommunications and shipping operators, as it seeks to boost jobs and spur activity in the virus-hit economy.

'The Wire' team returns to Baltimore for corrupt-cop tale

Two decades after cult favourite "The Wire" hit the screens, its creators are back on the mean streets of Baltimore for a new mini-series, "We Own This City".

Nations vet climate solutions as world 'sleepwalks' to catastrophe

Nearly 200 nations gathered Monday to grapple with a question that will outlive Covid-19 and Russia's invasion of Ukraine: how does a world addicted to fossil fuels prevent carbon pollution from making Earth unliveable?

Washington and London ready to resume trade talks in Baltimore

Washington and London have chosen the port city of Baltimore -- just an hour's drive from the US capital -- as the site of Monday's talks on deepening their economic relationship.

Asian, European markets mixed as traders track Ukraine crisis

Asian and European markets were mixed Monday after last week's rally, while oil prices extended gains, with investors keeping tabs on the war in Ukraine as Turkey said Kyiv and Moscow were edging towards a ceasefire agreement.

Asian markets mixed as traders track Ukraine crisis

Asian markets were mixed Monday after last week's rally while oil prices extended gains, with investors keeping tabs on the Ukraine war as Turkey said Kyiv and Moscow were edging towards a ceasefire agreement.

China property giant Evergrande suspends share trading again

Troubled Chinese property developer giant Evergrande and all its units suspended trading in Hong Kong Monday morning, according to a notice to the stock exchange.

Body composting takes root in US 'green' burial trend

A woodpecker settled on a branch overhead as Cindy Armstrong stood near a grouping of trees, gazing at a patch of soil that contained bits of her son's composted remains.

Germany to 'fast-track' gas terminals as part of Qatar deal

Germany has committed to "fast track" the construction of two liquefied natural gas terminals as part of a new long-term deal with Qatar as it looks to reduce dependence on Russian gas, the Gulf state said Sunday.

Nestle says not profiting in Russia after Zelensky swipe

Nestle insisted Sunday that it was not making any profits in Russia after Ukrainian President Volodymyr Zelensky accused the Swiss food giant of doing business as usual.

'Batman' swings high, again topping N.America box office

"The Batman" continued swinging from the rooftops this weekend, taking in an estimated box-office-leading $36.8 million in North American theaters while performing strongly overseas, industry watcher Exhibitor Relations reported Sunday.

Saudi Aramco reports profit surge on day sites hit by Yemen rebels

Oil giant Saudi Aramco on Sunday reported a 124 percent net profit surge for last year, in results released hours after its facilities were hit by Yemeni rebel drone and missile strikes.

Spain hit by yet another mass protest over rising prices

As many as 150,000 farmers, ranchers and hunters marched Sunday through Madrid to protest the Spanish centre-left government's failure to tackle soaring prices exacerbated by Russia's invasion of Ukraine.

France's Michelin, the go-to guide on fine dining

France's prestigious Michelin Guide is among the world's most influential references on gourmet dining, its star ratings highly coveted and sometimes controversial.

Sudan's coup-hit economy in free fall as prices bite

Sudanese schoolteacher Babiker Mohamed barely covers his family's needs with his meagre income, but since last year's military coup he no longer knows if he can even keep afloat.

Crypto provides fix for some in crisis-hit Afghanistan

In the middle of a bazaar in western Afghanistan, Arezo Akrimi takes out her smartphone and, after a few taps of the screen, changes some cryptocurrency for a bundle of hard cash.

Transgender outcasts turn artists in India

On a giant flyover in the sprawling Indian metropolis of Mumbai, a transgender art collective is trying to change attitudes as radically as it transforms the concrete pillars into brightly coloured murals.

LNG projects in the Gulf of Mexico boosted as Russian gas alternative

Two years ago, the American liquified natural gas (LNG) company Tellurian was in free fall: Its stock price collapsed, it laid off 40 percent of its staff, and suspended a key project in Louisiana.

Mexico City's new airport set for bumpy takeoff

Three weeks before facing a midterm recall referendum, Mexican President Andres Manuel Lopez Obrador will on Monday inaugurate his first major infrastructure pet project -- a controversial new airport for Mexico City.

Brazilian wins album of the year at French comic fest

Artist Marcello Quintanilha won the best album prize at the Angouleme comic books festival in France Saturday for his work, "Listen, pretty Marcia".

Transgender swimmer makes final bid for second US college title

Transgender swimmer Lia Thomas will have a chance to win a second US college title on Saturday after finishing fourth in qualifying for the 100-yard freestyle final in Atlanta.

Thousands protest over soaring prices across Spain

Thousands of demonstrators hit the streets across Spain on Saturday in protest at the soaring cost of food, light and fuel, which have been exacerbated by Russia's invasion of Ukraine.

Arizona Tribune - Economy (English)